MUNSHAAT REAL ESTATE PROJECTS CO

Munshaat Real Estate Projects Co. K.S.C.C.

MUNSHAATStocksBoursa KuwaitReal Estate

Financials

1-5

	CurrentMar 10, 2026	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025
Market & Price
Market Capitalization	71.48M	61.18M	78.89M	71.81M	62.79M
Market Cap Growth	+13.8%	+22.6%	+102.5%	+77.0%	+37.3%
Enterprise Value	100.00M	88.43M	109.65M	102.09M	92.62M
Last Close Price	0.22	0.19	0.24	0.22	0.19
Valuation Multiples
PE Ratio	5.67	4.85	6.45	8.79	8.25
PS Ratio	2.64	2.28	2.96	2.82	2.48
PB Ratio	1.96	1.68	2.44	2.58	2.38
P/TBV Ratio	1.58	1.35	1.89	1.93	1.75
P/FCF Ratio	11.95	—	11.84	—	10.50
P/OCF Ratio	11.94	—	11.83	—	10.49
EV/Sales Ratio	3.70	3.30	4.12	4.01	3.65
EV/EBITDA Ratio	6.18	6.70	8.57	7.86	7.73
EV/EBIT Ratio	7.61	6.73	8.61	7.89	7.77
EV/FCF Ratio	16.72	—	16.46	—	15.49
Leverage & Capital
Debt / Equity Ratio	1.14	1.14	1.28	1.65	1.73
Debt / EBITDA Ratio	2.58	1.88	4.39	3.98	2.13
Debt / FCF Ratio	6.97	—	6.22	—	7.66
Net Debt / Equity Ratio	1.02	1.02	1.13	1.44	1.51
Net Debt / EBITDA Ratio	2.83	2.83	2.86	3.09	3.32
Net Debt / FCF Ratio	6.23	6.23	5.49	7.74	6.65
Efficiency & Liquidity
Asset Turnover	0.38	0.29	0.18	0.38	0.37
Inventory Turnover	28.27	27.49	34.13	17.35	36.12
Quick Ratio	1.16	1.16	0.91	1.20	1.08
Current Ratio	1.19	1.19	0.93	1.22	1.10
Returns & Yields
Return on Equity (ROE)	+50.1%	+62.3%	+19.0%	+54.4%	+70.1%
Return on Assets (ROA)	+14.1%	+4.5%	+5.9%	+13.0%	+12.9%
Return on Invested Capital (ROIC)	+6.7%	+2.0%	+3.1%	+7.0%	+7.3%
Return on Capital Employed (ROCE)	+18.0%	+18.0%	+18.6%	+17.7%	+16.7%
Earnings Yield	+17.6%	+20.6%	+15.5%	+11.4%	+12.1%
FCF Yield	+8.4%	+9.8%	+8.4%	+7.2%	+9.5%
Dividend Yield	+2.2%	—	+2.1%	—	—
Payout Ratio	0.0%	—	+0.1%	+0.1%	0.0%
Total Shareholder Return	+2.2%	—	+2.1%	—	—

1-5

	CurrentMar 10, 2026	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025
Market & Price
Market Capitalization	71.48M	61.18M	78.89M	71.81M	62.79M
Market Cap Growth	+13.8%	+22.6%	+102.5%	+77.0%	+37.3%
Enterprise Value	100.00M	88.43M	109.65M	102.09M	92.62M
Last Close Price	0.22	0.19	0.24	0.22	0.19
Valuation Multiples
PE Ratio	5.67	4.85	6.45	8.79	8.25
PS Ratio	2.64	2.28	2.96	2.82	2.48
PB Ratio	1.96	1.68	2.44	2.58	2.38
P/TBV Ratio	1.58	1.35	1.89	1.93	1.75
P/FCF Ratio	11.95	—	11.84	—	10.50
P/OCF Ratio	11.94	—	11.83	—	10.49
EV/Sales Ratio	3.70	3.30	4.12	4.01	3.65
EV/EBITDA Ratio	6.18	6.70	8.57	7.86	7.73
EV/EBIT Ratio	7.61	6.73	8.61	7.89	7.77
EV/FCF Ratio	16.72	—	16.46	—	15.49
Leverage & Capital
Debt / Equity Ratio	1.14	1.14	1.28	1.65	1.73
Debt / EBITDA Ratio	2.58	1.88	4.39	3.98	2.13
Debt / FCF Ratio	6.97	—	6.22	—	7.66
Net Debt / Equity Ratio	1.02	1.02	1.13	1.44	1.51
Net Debt / EBITDA Ratio	2.83	2.83	2.86	3.09	3.32
Net Debt / FCF Ratio	6.23	6.23	5.49	7.74	6.65
Efficiency & Liquidity
Asset Turnover	0.38	0.29	0.18	0.38	0.37
Inventory Turnover	28.27	27.49	34.13	17.35	36.12
Quick Ratio	1.16	1.16	0.91	1.20	1.08
Current Ratio	1.19	1.19	0.93	1.22	1.10
Returns & Yields
Return on Equity (ROE)	+50.1%	+62.3%	+19.0%	+54.4%	+70.1%
Return on Assets (ROA)	+14.1%	+4.5%	+5.9%	+13.0%	+12.9%
Return on Invested Capital (ROIC)	+6.7%	+2.0%	+3.1%	+7.0%	+7.3%
Return on Capital Employed (ROCE)	+18.0%	+18.0%	+18.6%	+17.7%	+16.7%
Earnings Yield	+17.6%	+20.6%	+15.5%	+11.4%	+12.1%
FCF Yield	+8.4%	+9.8%	+8.4%	+7.2%	+9.5%
Dividend Yield	+2.2%	—	+2.1%	—	—
Payout Ratio	0.0%	—	+0.1%	+0.1%	0.0%
Total Shareholder Return	+2.2%	—	+2.1%	—	—